Australian synthetic graphite maker Novonix Ltd has received a conditional US$755 million loan from the US Department of Energy (DOE) to build a manufacturing plant in Chattanooga, Tennessee, US. The plant is expected to reach full capacity by end of 2028. The…
Category: Industry News
Westlake invests in “green” graphene firm
US-based Westlake Innovations Inc, a subsidiary of Westlake Corporation, has invested in Universal Matter Inc, which has pioneered and patented Flash Joule Heating (FJH) technology that allows for industrial-scale upcycling of carbon waste streams into graphene and graphitised carbon. Terms were not…
Covestro to invest in pilot recycling plant for elastomers used for forklift tyres
German materials firm Covestro says it plans to build a pilot plant for recycling of elastomers. The investment in the double-digit million euro range is used to fund the development and construction project of the pilot plant at Covestro’s site in Leverkusen, Germany.…
Eneos to take full control of SSBR jv; MOL to sell stake
Hungarian oil and gas company MOL and Japan’s Eneos Materials Corporation recently signed a sale and purchase agreement whereby Eneos will buy MOL’s 49% stake in the joint venture Eneos MOL Synthetic Rubber (EMSR). After the transaction, Eneos will be 100%…
Beontag partners with Michelin for RFID-enabled smart tyres
Beontag, one of the world’s largest manufacturers of self-adhesives and smart tags such as RFID and NFC, has launched a new partnership with French tyre manufacturer Michelin, that will see its TireTag technology incorporated into millions of new commercial and…
Sumitomo Rubber opts for Rockwell to digitalise operations globally
Japan’s Sumitomo Rubber Industries has selected automation specialist Rockwell Automation to support its digital transformation across its global tyre and rubber manufacturing operations. Sumitomo Rubber, known for its Dunlop and Falken brands, will deploy Rockwell’s FactoryTalk ProductionCentre, a manufacturing execution system (MES)…
Graphet opens agricultural waste-to-graphite facility in Malaysia; claims sustainable ops
Carbon materials supplier Graphjet Technology, which was set up in 2019 to produce artificial graphite from biomass waste residues from palm oil, has started up its first commercial-scale green graphite facility in Subang Jaya, Selangor, Malaysia. It says that the facility is the world’s first commercial-scale plant capable of…
China’s Guizhou Tyre breaks ground on US$230 mn project in Vietnam
Chinese tyre producer Guizhou Tyre, under its Advance Tyre (Vietnam) Co Ltd subsidiary, under has broken ground on its US$230 million tyre expansion project in Vietnam’s Mekong Delta province of Tien Giang. The construction will be undertaken by engineering firm…
India’s Ceat to acquire Camso brand from Michelin for US$225 mn
Tyre maker Ceat, a part of RPG Group, has announced that it has entered into a definitive agreement with French tyre maker Michelin to acquire its Camso brand’s off-the-road-highway tyres (OTR) and tracking business for US$225 million. The acquisition will give Ceat…
Trek/Liberty launch bicycle tyre recycling programme in US
US companies Trek Bicycle and Liberty Tire Recycling have launched a bicycle tyre recycling programme across all Trek owned stores in North America. This initiative aims to provide cyclists with a free and responsible way to recycle their used bicycle…